Lic’s Jeevan Aastha (Plan No.195)
A single Premium Assurance Plan
With Guaranteed Additions And Loyalty Additions
Benefits
a) Death Benefit :
On death during the first policy year : Basic Sum Assured with Guaranteed Addition.On death during the policy term after first policy year, excluding last policy year: 1/3rd of Basic Sum Assured with Guaranteed Addition.On death during last policy year : 1/3rd of Basic Sum Assured with Guaranteed Addition along with loyalty Addition, if any.
b) Maturity Benefit :
On maturity, the Maturity Sum Assured along with Guaranteed Addition and loyalty Addition, if any,shall be payable Maturity Sum Assured shall be 1/6th of Basic Sum Assured.
c) Guaranteed Addition :
The policy provides for Guaranteed Addition at the following rates:· Rs.100 per thousand of Maturity Sum Assured per year for a policy of 10years term.· Rs.90 per thousand of Maturity Sum Assured per year for a policy of 5years term.
d) Loyalty Addition :
Depending upon the Corporation’s experience with regard to policies issued under this plan the policy will be eligible for loyalty Addition on death during the last policy year or on the Life Assured surviving the stipulated date of maturity at such rate and on such terms as may be declared by the corporation.
Eligibility Conditions and Restrictions
a) Minimum Entry Age : 13 years (Completed)
b) Maximum Entry Age : 60 years ( nearest birthday)
c) Minimum Basic Sum Assured : Rs.150,000
d) Maximum Basic Sum Assured : No LimitThe basic sum assured shall be available in multiples of Rs.30,000.
e) Policy Term : 5 or 10 years.
Mode of Premium Payment : Single Premium
Rebates
Large Sum Assured Rebate on tabular premium per thousand Basic Sum Asured
Basic Sum Assured 5 years 10 years
Below Rs.3,00,000 Nil NilRs.
3,00,000 to 5,99,999 Rs.2.00 Rs.3.00
Rs.6,00,000 to Rs.11,99,999 Rs.2.50 Rs.3.50
Rs.12,00,000 and above Rs.3.00 Rs.4.00
Guaranteed Surrender Value : Available
Facility of Loan at notional rates
Provision of Loyalty Addition
Back Dating Allowed Assignments Allowed
Awesome plan. I am fully impressed with all the features and benefits of this policy and is really looking for it. Al though it is bit expensive but after knowing all the benefits I will try to manage to buy this plan soon.
ReplyDeleteThis article provide the information about the various policies and the document required for application. this article also provides the information about the process of applying for life insurance.SBI Life Insurance
ReplyDeleteIs the blog still active if yess i have a quary on dis jeevan astha plan
ReplyDelete